The Descartes Systems Group Inc. (NASDAQ:DSGX) Given Consensus Rating of “Moderate Buy” by Analysts

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) has earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $117.92.

Several equities research analysts have issued reports on the company. Barclays upgraded The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $88.00 to $125.00 in a report on Friday, November 15th. TD Securities lifted their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research report on Wednesday, September 25th. National Bankshares set a $125.00 price target on The Descartes Systems Group and gave the company an “outperform” rating in a report on Thursday, September 26th. Finally, BMO Capital Markets lifted their target price on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Conestoga Capital Advisors LLC boosted its position in The Descartes Systems Group by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company’s stock worth $326,238,000 after purchasing an additional 52,485 shares during the period. Fiera Capital Corp boosted its holdings in shares of The Descartes Systems Group by 0.8% during the 3rd quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company’s stock worth $265,692,000 after buying an additional 19,817 shares during the period. Mackenzie Financial Corp grew its stake in The Descartes Systems Group by 4.5% in the 2nd quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company’s stock valued at $206,807,000 after buying an additional 91,301 shares during the last quarter. Bank of Montreal Can raised its holdings in The Descartes Systems Group by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 1,545,027 shares of the technology company’s stock worth $147,434,000 after acquiring an additional 21,105 shares during the period. Finally, Geneva Capital Management LLC lifted its position in The Descartes Systems Group by 1.3% during the 3rd quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company’s stock worth $152,037,000 after acquiring an additional 19,002 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Price Performance

The Descartes Systems Group stock opened at $115.85 on Monday. The Descartes Systems Group has a 12 month low of $84.11 and a 12 month high of $122.88. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 72.86 and a beta of 0.99. The stock’s 50-day moving average is $115.53 and its 200-day moving average is $106.40.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.